Reminder: June 1 Deadline for New Dairy MPP Coverage

dairy cow 1Dairy producers are reminded to visit their local Farm Service Agency (FSA) office by Friday, June 1 to make new Dairy Margin Protection Program coverage elections.

In February 2018, the Bipartisan Budget Act of 2018 made several modifications to USDA’s Dairy Margin Protection Program and directed the department to reopen signup for the 2018 coverage year. The modifications made to MPP were designed to make it a more attractive risk management tool for small- and medium-sized dairy operations by reducing premium rates, delivering payments monthly, increasing the catastrophic coverage levels, and making more milk eligible for discounted coverage. Farmers have until June 1 to make new MPP coverage elections. MPP coverage will be retroactive to January 2018, and for more than 90 percent of the farmers previously enrolled in the program, coverage during 2018 is guaranteed to be profitable, i.e., program payments will be greater than the insurance premiums.

For more information, click here.

 

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